Quote from: friedcat on April 04, 2013, 04:08:08 PM

Update

Quote from: Bitcoin Megastore on April 03, 2013, 05:43:14 PM

Quote from: friedcat on April 03, 2013, 03:57:59 PM

There won't be more spending besides further wafer & device production and operating cost, which will be much less per week. The next projected big spending is the full mask of our next generation of chips, with the taping-out date undecided yet.

Any update on auctions or sales of 1st generation chips?

If final decision is made, the auction will be for ready-to-use devices instead of chips. Having the advantage of inexpensive whole device manufacturing cost, selling only chips in a limited market (at least now) is not our option.

In our plan, the auction of limited sample boards will have one round per week, and last for a few weeks. After we have enough feedback and information we will do with more quantity and revised designs. But don't expect our products to spread towards everywhere at least in the next month, because most of our next batch will be used for ourselves.

The products are going to most likely be shipped from Hongkong. And what we accept is ordering instead of pre-ordering, which means that when we decide to sell, we ship it. Hopefully this makes our products be valued higher by the market.

Awesome news indeed. Thanks friedcat, keep up the great work!